glossarytech.com

eCommerce

The process of buying and selling of goods and services over an electronic network, conducted using a variety of applications, like email, fax, etc.

First released1979 (first online shopping system)
Developed byMichael Aldrich
Used byAmazon Inc., Apple, Wal-Mart

Interesting facts

The first time Internet was used for seller-buyer interaction was between students of Stanford Artificial Intelligence Laboratory and MIT to sell cannabis.

 

Sign up for updates
straight to your inbox

Subscribe